Team Blitz India
NEW DELHI: The Sixteenth Finance Commission (SFC), whose members were appointed last month, held its first meeting on February 14 to discuss the terms of reference and other matters, the finance ministry said in a statement.
The SFC acknowledged the need for wide-ranging consultations with various stakeholders, including state governments, local bodies, Union ministries, and experts, the statement said.
The SFC recognised that it would be carrying out detailed analytical work and would be required to rope in all the expertise that it could garner, including from leading research organisations, think tanks, and other organisations working in the area of fiscal federal relations, it added.
The commission, constituted by the president to define the financial relations between the Central government and states, will set up its office at Jawahar Vyapar Bhawan on Janpath in New Delhi.
